see the barents link and don't forget you can always get all the latest news and information on our website that's a t w dot com you can also follow us on social media i'm sorry kelly in berlin thank you so much for watching i'm a very. good . every journey begins with the 1st step and every month where each of the 1st word i'm going to kill nico he's in germany to cut. why not i'm with him find the time. to suffer in simple line on your mobile and free. double using the learning course called street journal maybe see. what secrets lie behind these

memos. find out immersive experience and explore a fascinating world cultural heritage science. t w world heritage 360 get the amount. of touch. it's the end of an era and time look as long time c.e.o. david satcher steps aside so what kind of car company does he leave behind to take a look. also on the show the us bicycle industry braces for more chinese tariffs and calls on the president to hit the brakes. and hungary's wrong workers from around europe with higher wages but is that enough to meet demand. welcome to the business of stephen beers in berlin thanks for joining us. he's known for his

mustache is easy going to minor and for his role in a series of popular t.v. ads now dialer c.e.o. do you need such or is handing over control of the german luxury car brands 1st he had one last appearance at the company shareholder meeting take a look. he's the man with the blue dress the stash team is detection dictate the fate of global com a could time a nearly became a brand himself in the process for many shareholders it's a fond farewell really good it's a shame i liked him a lot he was always good you could talk with him he was excellent. it was 2006 when timeless 1st turned to needing a new start the person and to the failed merger with american car maker chrysler. the compact back on track. and became dr said to the american market even a pairing in t.v. ads. this type of ingress especially is only one example that smalling for better

performance and handling. it was under such as leadership that miss a decent over to the m.p. m.w. to become the world's largest luxury car maker but it was also one to his watch that time low recalls hundreds of thousands of diesel cars 2 to emissions manipulation it's unclear if that show will go down in time in history as a star more certain is that his last few years as c.e.o. want to start selling us the fast profits in shares fell dima was forced to cut costs in suppose that in fact we cannot and will not remain satisfied with the current level of profitability and i can assure you the dimer team has even more motivation to work with full energy towards our annual targets but. there's still plenty to do in the area of electric my polity his successor. will have his work cut out for him he wants to make dynamo morton greener and digital. colonias has

already announced he wants to be company in 20 years. so how respected was that across the auto industry will diamond's fierce rival b.m.w. offered this humorous tribute on social media as such a double bids farewell to the company as well as his colleagues and then what does he do with his newfound freedom well take a look he finally drives that b.m.w. hidden in his garage because dialers response that the boss would rather ride a real horse into the sunset rather than horse power from a competitor. clever social media departments they're so on the u.s. manufacturers and retailers are worried they're a trade dispute with china has already raised the price of products and components everything from rubber gaskets to clothing now with president donald trump threatening yet another round of tariffs on $300000000000.00 in imports more

companies are bracing for impact or looking for a way out such as american bike retailers. it's no surprise there on average u.s. spike sellers get 90 percent of their imports from china. make gin fair runs a small 5 to close shop in milwaukee he estimates the additional tariff will cost his company every 200000 dollars next year. i mean if we're a small company of 12 people and we're considering scaling back i can imagine companies with thousands of people i mean they're having the same conversations and it's significant other businesses have already stocked up on additional merchandise in anticipation of the increased tariffs. when that stock runs low we'll have to see where prices are at so that may or may make a difference as far as what models we continue with or decide to change some bigger change to take in more just type of action back in february in response to trans initial set of targets u.s.

bike maker can't announced it was moving production at sight of china citing $20000000.00 in increased annual costs as the reason but it didn't move those jobs to america instead it's bikes and being made in cambodia and let's bring in our financial correspondent in new york jose luis de haro so jose where does this proposed new round of tariffs currently stand. well according to. the u.s. secretary of treasury they can hop in you know about $30.00 to $45.00 days a stephen when it comes to imposing new charges there is a whole process that needs to happen before the administration can do so 1st that the u.s. trade representative all visa needs to publish the list of products that will be affected by those tariffs something that happened already early last week. to public hearing where companies and organizations will expose their opinions on.

these public hearing is initially is scheduled for june 17th and will include over $3800.00 products. be subject to charges of up to 25 percent 7 days later after d.s. happens final reviewed all comments that will do you and giving the green light to go ahead with the it's worth noting the dog that at the current ground has a much shorter public comment period than previous ones stephen. so we know that some companies are asking for exemptions from these tariffs are they getting them briefly if you can. it is it not easy to to have total estimates of stephen if we take a look to data from the u.s. trade representative all these we can say done by d.n.a. of last year to trumpet ministration granted nearly $1000.00 exemptions to chinese goods that said those exceptions are generally valid for for one year and the usa government also updates the lead keeps the screen in different requests so the u.s.

secretary of treasury said on wednesday dad has a talk already to wal-mart and all the top retailers about that possibility of exceptions if the next round of duties gets finally implement it. was a louise doro there for us in new york thank you staying in the us the shares in qualcomm fell sharply after u.s. federal judge ruled that the chip makers suppress competition in the market for smartphone chips the district judge in california said qualcomm did so by threatening to cut off supplies and demanding excessive licensing fees the decision could force the company to renegotiate fees charged to phone makers like apple the company said it would appeal the ruling. british steel has fallen into insolvency after emergency talks broke down $5000.00 jobs are at risk and an additional $20000.00 positions spread across the company supply chain may also be

affected so is british still a casualty of bragg's it or of the overall difficulties facing western steel suppliers. is this the end for british steel. as orders plummet and the government rules out alone the outlook certainly appears to be bleak. outside the company's main steelworks in the city of scunthorpe workers reacted with dismay to the news. the family's. well known if you don't get paid that one for. just a dished out in really good work can be best and you still don't know what's on offer in. british deals owners gribble capital wanted the u.k. government to give them a $95000000.00 bailout u.k. prime minister to resign may said that any rescue loan from the government would break e.u. rules and stated last ditch efforts to find a buyer are taking place. and it is clear that it will be on the wall for supervisor county or loan on the terms requested by the company we will be working

with the company and others on the official receiver in the days and weeks ahead to ensure that we can to see you every step to secure the future of the operations the company says oversee orders have dropped steeply ju-ju uncertainty over brags that the u.k. steel industry has been in decline for decades but the latest news may well be the death knell. europeans are heading to the polls this week and we're taking a look at the economic health of member states right now hungary its economy grew by a robust 5 percent last year but hunger is suffering from a massive skills shortage so companies are looking for help everywhere including abroad. in serbia daniel kuzma will be earning just $250.00 euros a month that's why he decided to come to hungry companies here at desperate like him which meant he could choose who to work for. he opted for

a composite supply of pos and now fits rich components for audi. for 7 from that i'm sure i could easily find another job if i wanted to there's a lot of work in hungary not only here but across the e.u. as well as. countries labor shortage is a problem across the whole sexes b.o.'s feels it particularly acutely that product construction is complicated and that dependent on workers from abroad to fill the skills gap that's no longer a cheap option ifa. we had to increase wages by 30 percent in 2017 and by double figures this year if you don't match your wages with the competition you'll soon find yourself without any workers what's called the company employs more than 2000 people in hungary around $400.00 of them a temporary workers from hungary and abroad despite the generous pay rises only around a 3rd of workers actually stay with the companies guerin's in particular say wages

a too low many of them would like to head to austria but won't say so on camera daniel kuzma now owns around $700.00 heroes a month his plan is to stay put and he hopes he'll be able to move up within the company. and that's it for me and the business and of course learn more about these and other business stories on our website www dot com slash business you can also find us on facebook and twitter the last look at the markets i'm stephen beard and the lead as always thanks for joining us.

the abuse of video and that's consequential. a political bombshell in vienna. austria as government is in jail. because what role if any intelligence service has played in the scandal. how close are others like when you pop in to russia. in 60 minutes. how is your view of the world.

where i come from but all of that's good does this go it just like was chinese food does measure of where i am suppose was reminded me of home after decades of living in germany china's food is one of the things i miss the most but that taking a step back i see things i need to differentiate knowledge. then of fluids 1st as an articulation that exists as a part of the whole haven't been implemented in china that's why you cannot have chinese people wondering if therefore it is safe but if you have a right to another culture that is this is the job just out of the my how i see it and thus why i have nothing my job because i tired to do it except for maybe an hour a day my name of the uninsured and i want to add to that view. 2

much of it is going. to scream for the want your link to exceptional stories and discussion on the use of these each i want with sandy debbie that comes much to join us on facebook g w a for. this is the news africa coming up in the next 15 minutes protesters in sudan after the end they're all fools for a general strike off the talks with the ministry to install a civilian government collapse also on the program. this situation in zimbabwe keeps getting tied up and for the ordinary person this is all fuel increases that have a hobby and life interest raised for months that report from zimbabwe away the economy is said to be in its most diets.